Can you half way BRRRR raw land?

[Chris Howell]

I recently had a thought Can you do a half way BRRRR on raw land?

Here's my thought process I am a regular REI and go after single family and multi family like the rest of us do but I have an extensive back ground in land development. So I was thinking about a way to tap into the unique skill set to add another piece to the puzzle.

My May goal would be use private or hard money to acquire a tract of land. Clear and develop it and go to a bank and get a 15 or 30 yr against the land asset and sell off lots to home builders or build on them myself.

Has anyone done this and been successful or can it even be done?